All-Ordinaries Stock Index
Definition of 'All-Ordinaries Stock Index'A stock index comprised of common shares from the Australian Stock Exchange. The All-Ordinaries Index is the most quoted benchmark for Australian equities. The ASX is responsible for calculating and distributing the index and its returns. |
|
Investopedia explains 'All-Ordinaries Stock Index'The All-Ordinaries Index is market weighted and includes over 300 companies. For a company to be included in the index, they must meet the requirements established by the ASX. For example, a stock must have a market value of over 0.2% of all equities listed on the exchange. Furthermore, the stock must be liquid, with a monthly turnover of 0.5% of its total outstanding shares. The ASX rebalances the index each month, ensuring companies still meet these requirements. |
Related Definitions
Articles Of Interest
-
The ABCs Of Stock Indexes
Indexes can track market trends, but they're not always reliable. Can you trust them? -
Index Investing
Get to know the most important market indices and the pros and cons of investing in them. -
Market Strength Tutorial
Here you can learn about some of the indicators that traders and brokers use to determine the direction and strength of the market's present trend. -
The NYSE And Nasdaq: How They Work
Learn some of the important differences in the way these exchanges operate and the securities that trade on them. -
Are The NYSE Trading Floor's Days Numbered?
The Intercontinental Exchange plans to buy the NYSE Euronextfor $8.2 billion. This article examines the implications of the potential sale. -
Has High Frequency Trading Ruined The Stock Market For The Rest Of Us?
HFT is a controversial trading strategy. This article looks at how HFT affects the retail investor. -
What is a stock ticker?
A stock ticker is a report of the price for certain securities, updated continuously throughout the trading session by the various stock exchanges. A "tick" is any change in price, whether that ... -
Stock Exchanges Around The World
We tell you about five of the most popular stock exchanges from around the globe. -
Trading In The Pre- And Post-Market Sessions
After-hours trading may have benefits for traders, but there are some potential problems. -
How are share prices set?
When a company goes public though an initial public offering (IPO), an investment bank evaluates the company's current and projected performance and health to determine the value of the IPO for ...